IL Laboratorio Del Gelato Leases Retail Space At 1062 3rd Avenue For 10 Years
1062 3rd Avenue
$250
$250/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Jul 13, 2025
AI
The property asset involved in this transaction is a retail space located at 1062 3rd Avenue in the Upper East Side market. The lease details include an asking rent of $250 per square foot and a total area of 1,200 square feet. This lease is set for a term of 10 years under a modified gross lease structure. The landlord for this transaction is Beekman Estate.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $250/ft
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: Beekman Estate
- Tenant: IL Laboratorio Del Gelato
- Tenant's Representative: Jeremy Banilevi - Zelnik & Company
The deal features Jeremy Banilevi representing IL Laboratorio Del Gelato, who is actively seeking new locations on the Upper East Side and Upper West Side. Interested parties are encouraged to reach out to Jeremy Banilevi directly at his email, [email protected].
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93